The Russian economy in terms of purchasing power again overtook the German

The Russian economy in terms of purchasing power parity (PPP) became the fifth in the world in 2022, according to World Economics. Russia’s GDP at PPP was $5.51 trillion. The country entrenched itself in the top five, Russia occupies this position for the second year in a row. Topping the list are Japan ($5.68 trillion), India ($15.87 trillion), the US ($23.15 trillion) and China ($31.56 trillion). Russia’s GDP in terms of purchasing power, according to experts, turned out to be higher than that of all countries in Europe – including Germany ($5.01 trillion), France ($3.53 trillion), Great Britain ($3.48 trillion) and Italy ($3. .18 trillion).

At the same time, the researchers assigned Russia a rating of C, indicating significant doubts of the authors in the available statistical information. All other economies in the top 10 are assigned higher A and B. Also, experts do not expect tangible growth of the Russian economy: according to their estimates, GDP will increase by only 7.9% by 2030 compared to 2022. For comparison: economic growth China in this period is expected at the level of 57.7%, India – 55.5%, Turkey – 44.3%, Indonesia – 41.1%.